Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests. A July report from cybersecurity certification platform CER found that only six of 45, or 13.3%, of cryptocurrency wallet brands have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on...Continue Reading

Launched in April, the USDC pools were previously accessible only to non-U.S. accredited investors. Blockchain institutional capital marketplace Maple Finance has secured an exemption from the United States Securities and Exchange Commission to offer its one-month U.S. Treasury yields to accredited investors in the United States. Before the Aug. 9 announcement, the Maple Finance Treasury...Continue Reading

This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with. In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant...Continue Reading

Bitcoin falling back to $25,000 would mark its “last big dip” before the next BTC price bull run, says Cane Island’s Timothy Peterson. Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer. In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors,...Continue Reading

Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO Zhaojun He. SpiritSwap, a decentralized exchange (DEX) built on smart contract platform Fantom, will wind down operations from Sept. 1, citing exposure to troubled Chinese cross-chain protocol Multichain. In the Aug. 9 announcement via Discord, developers...Continue Reading

According to the blockchain security firm, Aave protocol’s Earning Farm was compromised by a reentrancy attack on Aug. 9. Blockchain security firm PeckShield revealed fresh vulnerabilities targeting decentralized finance (DeFi) projects on Aug. 9. According to the firm, Aave protocol’s Earning Farm has been compromised by a reentrancy attack, resulting in the theft of at...Continue Reading

If the U.S. DOJ indicts Binance executives on charges similar to those already issued by regulators, could it have an unusual effect on the cryptocurrency market in the year ahead? In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest...Continue Reading

The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action. Amid the approaching deadline for opting out of the current $22-million settlement with Block.one (B1), the EOS Network Foundation (ENF) has called on plaintiffs to drop the lawsuit. The ENF took to X...Continue Reading

Shiba Inu is up today as traders assess its inclusion in BitPay’s new bill payment service. The price of Shiba Inu (SHIB) is up today amid a broader crypto market upswing and a supportive fundamental factor. What’s driving SHIB’s price upward? On Aug. 9, the SHIB price jumped nearly 5.75% to $0.00001005, continuing a rebound...Continue Reading

According to Olga Skorobogatova, first deputy governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on...Continue Reading